Does Credit Matter When Applying For Financing?

If you’re wondering if your credit score will have an impact on your ability to secure a loan, know that it will. While that’s the case, you shouldn’t let a poor credit score, or a lack of a credit history stop you from applying for Chrysler financing.

Tips to Secure a Car Loan with Poor Credit

If you have poor or no credit, you can do a few things to increase the odds that you’ll be approved for a car loan. When you contact our Jefferson, WI car dealership, we’ll tell you that reducing your debt-to-income ratio can improve your credit score and make it more likely that you’ll qualify for Chrysler financing.
Adding to your down payment and choosing a less expensive vehicle will help, too. If you have a trusted friend or relative who has good or excellent credit, you may want to ask the person if they’ll agree to cosign your loan application. If the individual agrees, it will increase the odds that you’ll be approved.
Whether you want a Chrysler car, a Jeep® Wrangler, a RAM truck, or a Dodge Challenger, we encourage you to complete a loan application to secure financing through our Chrysler dealership.

Reasons to Work with the Experts in Our Chrysler Financing Center

Regardless of whether your credit score is poor, excellent, or somewhere in between, the experts in our Chrysler financing center will be happy to help you land an auto loan. It doesn’t even matter if you want a new vehicle or one of our Griffin used cars. We’ll still help you out.
We’re committed to making the financing process a stress- and hassle-free endeavor. While we’ll still have to review your credit score, we know a three-digit number doesn’t tell anyone’s full story, and so do our lenders. That’s why we’ll keep our eye on the “big picture” throughout the financing process.
We firmly believe that everyone deserves a chance to establish or improve their credit, which is what you can do with a car loan. When you make your loan payments on time, it can have a big impact on your credit score and make it easier for you to secure loans for other things.
Are you eager to establish or improve your credit? Visit Griffin Chrysler Jeep Dodge RAM to apply for a car loan today.